现在是合伙创业的新时代，合伙创业已经成为互联网时代成功企业的标配。创业企业的基础，一是合伙人，二是股权。归根到底，是合伙人股权。它基本奠定了一家创业企业的基本，每个创业者都有一个IPO的目标，希望自己的创业项目将来有一天能去主板或者海外敲钟，资本市场必然要求企业股权清晰、合理。

Now is a new era of partnership entrepreneurship, which has become the standard of successful enterprises in the Internet era. The foundation of a start-up enterprise is partners and equity. After all, it's partner equity. It has basically laid the foundation for a start-up enterprise. Every entrepreneur has an IPO goal. He hopes that his own venture projects can ring the bell on the main board or overseas one day. The capital market must require clear and reasonable equity of the enterprise.

哪些股权结构不可取？

What equity structure is not desirable?

一、均等的股权结构

1、 Equal ownership structure

为什么？因为不同的合伙人他对创业项目的贡献不一样，虽然你出100我出100大家出资是一样的，但在实际操作过程中每个人的擅长点不一样，贡献度就不一样，如果出资一样，贡献度不一样，在企业早期还是OK的，项目没做成就不讨论了，项目做成了合伙人会因为利益分配不均衡而出现

Why? Because different partners make different contributions to start-up projects. Although you give 100 and I give 100, everyone's contribution is the same, but in the actual operation process, everyone's good points are different, and the degree of contribution is different. If the contribution is the same and the degree of contribution is different, it's OK in the early stage of the enterprise. If the project is not successful, we don't discuss it. When the project is completed, the partners will be affected by the profit distribution It's not balanced

二、一个股东不可取

2、 One shareholder is not desirable

因为公司法规定一人有限责任公司的股东如果不能举证证明个人财产与公司财产是独立的将对公司债务承担连带责任。很多创业企业一开始的财务不规范，往往经不起审计，所以这个一人有限公司不可取。

Because the company law stipulates that if the shareholders of one person limited liability company can not prove that their personal property and company property are independent, they will bear joint liability for the company's debts. Many start-ups start with irregular finance, often can not stand audit, so this one person limited company is not desirable.

三、 五五分的股权结构

3、 50% equity structure

均等里面差的就是5：5分账，比如真功夫，通常这样的公司会陷入僵局，公司形不成有效的决议。因为公司法股东会会议作出修改公司章程、增加或者减少注册资本的决议，以及公司合并、分立、解散或者变更公司形式的决议，必须经代表三分之二以上表权的股东通过。

The difference is 5:5. For example, in real Kung Fu, companies like this usually get into a deadlock and fail to make effective decisions. Because of the company law, resolutions made by the shareholders' meeting to amend the articles of association, increase or decrease the registered capital, and resolutions on merger, division, dissolution or change of corporate form of the company must be passed by shareholders representing more than two-thirds of the stated rights.